On May 20, 2025, the Federal Trade Commission (FTC) finalized a consent order with private equity firm Welsh, Carson, Anderson & Stowe (Welsh Carson) and its affiliates, resolving allegations that the firm orchestrated a years-long consolidation strategy in Texas’s anesthesiology market through its portfolio company, U.S. Anesthesia Partners (USAP) (press release). According to the FTC, Welsh Carson created USAP and… (Eisen, May 21, 2025) #Hospitals, #Transparency